Airtm's US Virtual Account is our product that allows our users to virtually obtain a US bank address to receive payments from individuals and companies through the ACH & Wire network directly to their Airtm account.
What is the purpose of this feature?
Whether you are a contractor receiving payments from a US company, a digital entrepreneur selling products through marketplaces, or a freelancer working on remote job platforms, or simply someone who needs to receive funds from the US. now with Airtm’s US Virtual Account, forget about the need for digital wallets or traditional bank accounts in the US. Airtm offers you a platform to receive local payments in the US and transfer funds at the real exchange rate of the economy using our P2P network. There’s no need to transfer it from an account under your name!
Who has access to this feature?
Airtm's USA Virtual Account is available in most countries where Airtm provides services, but is not available in certain countries due to local restrictions and regulations. The main countries where Airtm's USA Virtual Account is not operational include:
Afghanistan (AFG), Algeria (DZA), Bangladesh (BGD), Bhutan (BTN), Burundi (BDI), China (CHN), Cuba (CUB), Democratic Republic of the Congo (COD), Gaza Strip (PSE), Guinea-Bissau (GNB), Haiti (HTI), Iran, Islamic Republic of (IRN), Iraq (IRQ), Kenya (KEN), Kosovo (XKX), Lebanon (LBN), Libya (LBY), Mali (MLI), Morocco (MAR), Mozambique (MOZ), Myanmar (MMR), Nepal (NPL), Nicaragua (NIC), Niger (NER), North Korea (PRK), North Macedonia (MKD), Pakistan (PAK), Qatar (QAT), Russian Federation (RUS), Slovenia (SVN), Somalia (SOM), South Sudan (SSD), Sudan (SDN), Syria (SYR), United States of America (USA), Venezuela (Bolivarian Republic of) (VEN), West Bank (Palestinian Territory, Occupied) (PSE), Yemen (YEM), Zimbabwe (ZWE).
Venezuelans living abroad will be able to access the virtual account, provided they have a valid foreign identification.
How can I enable this feature?
Visit airtm.com from your computer and click on the “US Virtual Account” menu, accept the terms and conditions, complete the sign-up fee, verify your identity with our provider, who may ask you some additional questions, and prepare to start receiving funds.
What are the fees and limits?
ACH
Minimum amount: $5 USD,
Maximum amount: $100,000 USD,
Exchange rate: $1 USD = $1 USDC,
Variable commission: 1.75%,
Crediting time: up to 3-5 business days.
Wire
Minimum amount: $1.501 USD,
Maximum amount: $100,000 USD,
Exchange rate: $1 USD = $1 USDC,
Variable commission: 1.75%,
Crediting time: 1 business day.
How does the US virtual account work?
The US Virtual Account at Airtm enables you to receive local payments in the United States through wire and ACH transfers, whether from your own bank accounts or from third-party accounts, such as those belonging to companies and individuals. For instance, you can transfer funds from your PayPal account to your US virtual account. Additionally, you can use your US virtual account address on platforms that make payments to US bank accounts via the ACH network, simplifying the process of receiving funds from various sources.
What are the maintenance costs?
We have no maintenance costs; you only pay if you use it! The feature has a one-time opening cost of 0 USDC (limited launch promotion). Then, each time you receive payments in your US Virtual Account, a variable fee of 1.75% . These fees will be directly deducted from the funds sent.